Monthly Archives: August 2019

What Is “medicaid”?

Many people confuse “Medicaid” with “Medicare”. Medicaid, also referred to as Medical Assistance, is a state-operated program in compliance with federal guidelines. It was created in 1965 at the same time as Medicare in Pennsylvania. The Medicaid program is operated by the Pennsylvania Department of Human Services through a series of field offices called County Assistance Offices. Medicaid and Medicare are separate programs. These programs were enacted by the federal government.

Must My Children Pay for My Nursing Home Care If I’m Broke?

No, provided you qualify for Medicaid benefits when your funds are gone. That won’t happen if you give away your home or money without proper guidance from an elder law attorney. Medicaid benefits will also be denied and your spouse and children put at risk if an application is not properly documented.

Should You Sell Your Life Insurance Policy?

Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called "life settlements," can bring in needed cash, but are they a good idea? If your children are grown and your mortgage paid off, you may decide that there is no longer